The Zhitong Finance App learned that consumer confidence in Australia plummeted in December, mainly because the Reserve Bank of Australia suggested that its short interest rate cut cycle had come to an end, and there is a possibility that interest rate hikes will resume in 2026.

The Zhitong Finance App learned that consumer confidence in Australia plummeted in December, mainly because the Reserve Bank of Australia suggested that its short interest rate cut cycle had come to an end, and there is a possibility that interest rate hikes will resume in 2026.